2020 Elections

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duggils
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Re: 2020 Elections

Post by duggils »

SOL wrote: Sun Nov 01, 2020 8:25 am
whatever the outcome, let's hope its not a contested election for that will not only polarise the country even further, it could lead to an outcome that might go against the popular vote and or electoral college if dragged to the supreme court and enough noise is made about voter fraud,....

Hence the least worrisome outcome would be for one party to win the election decisively and put an end to any what if scenarios
This is precisely the scenario I am dreading. Watch for North Carolina and Virginia on election night. Higher margin in Virginia (compared to 2016) to Democrats will indicate a sweeping mandate for Biden. If NC is declared to Democrats - this should happen by 10PM EST or so, then it's over and will be decisive.

On the other hand, if VA margin comes in below 2016 margin, then expect the nightmare scenario SOL is mentioning above.

If the first scenario pans out, I expect a new conservative party to emerge in the next 12 to 16 years and I'd welcome that development but worry how far left the country will have moved by then and if conservatism can even make a come back. If the second scenario comes through, USA will become another Brazil, India, Argentina or Turkey like politically (and Bitcoin will be trading > $1 million and I'll retire in the Caymans :lol: )
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Re: 2020 Elections

Post by duggils »

Yodean wrote: Sat Oct 31, 2020 1:30 am @duggils: very interesting post, thanks . . . lots to digest there. I have largely ignored the impact of the high school seniors in my personal analysis of the Nov. 3rd Selection.

Also, I have accumulated a large position in GBTC, largely for macro-trend and technical reasons - curious as to your specific reasons. Generally, as you know, the USD is the first asset to go up in uncertain times like these, and shortly after, perhaps gold and U.S. Tech Titans. Your last line seems to imply that you view BTC as a safe haven, as well.
@yodean,
Mine is more of a macro play and my "Plan B" as I believe we have reached the peak of the compounding global debt cycle (90+ years). When debt bubbles burst- scarce, deflationary assets like gold and precious metals are used for store of value. BTC is in the same scarce, deflationary class but in digital form. I think the final halving cycle for BTC is in 2024 when it will have reached its max total supply of 21million and cannot be mined any further. This could all take another 3 to 5 years to pan out but it perfectly aligns with SOL's timeline of this mania phase to come to an end after a monster final run for stocks.

There is also this thing that the central banks are (80% of global central banks) heavily researching called CBDC (Central Bank Digital Currency)- which is fiat currency but much more easily controlled and TRACKED (every penny) by the central banks. However, I am not yet sure if this development is bullish or bearish for BTC...you could argue either way.

There are still a lot of uncertainties yet and therefore I am not very aggressive with BTC. But if it makes all time high and reaches the $100K mark (likely to happen in this halving cycle but it could also go back to 4 -5k range!) then I will have some serious portfolio rebalancing to do. Another interesting development these days is that BTC is starting to decouple from USD...usually Dollar down BTC up etc. but that's not been the case last few weeks when both USD and BTC have been up (BTC a lot more than $).

Also, IMO a Biden victory could pause BTC progress in its tracks but that's just my hunch and I have nothing to support that thesis.
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Re: 2020 Elections

Post by duggils »

@Yodean,
Here is ECB president from a couple of hours ago talking about accelerating the Euro move to digital currency and essentially admitting that the current system does not work.
(second video in the link below)

https://twitter.com/i/status/1322859717329301504
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Re: 2020 Elections

Post by duggils »

Some very interesting early voting stats:

Overall we are at least 92+ million early votes! That's 66.8% of the total 2016 vote! And I think some states can early vote on Sunday (today) as well...so this number might increase.

Notice AZ, NC, GA and TX in the top 11...all toss up states. I can't believe TX is close but it is.
1. Hawaii: 110%
2. Texas: 108%
3.Montana: 96%
4.Washington State: 94%
5. Georgia: 93%
6.North Carolina: 91%
7.Tennessee: 90%
8.Nevada: 88%
9.Oregon: 88%
10. New Mexico: 88%
11: Arizona 87%

Below is the county wise breakdown from TX

Largest increases in 2020 early votes cast vs. 2016 total votes cast (TX counties w/ 100k+ registrants only). These are urban/suburban counties that lean heavily towards Democrats. Harris county (Houston metro with huge Hispanic and black voters) with 2.3 million+ votes did not make this list but they already beat 2016 total turnout by 10% or so. Some projections are calling for 12 million total turn out in TX (9.3 million in 2016).

So Trump will have to poll about 1.1 million new votes in TX to win the state. If TX goes blue, the Republican party will be dead for decades to come. So watch this state very closely...will be a huge macro level development for investing (think green energy and heavy regulations)!

1. Hays +35%
2. Williamson +28%
3. Denton +28%
4. Comal +26%
5. Fort Bend +25%
6. Collin +24%
7. Travis +17%
8. Guadalupe +16%
9. Ellis +16%
10. Montgomery +16%
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Re: 2020 Elections

Post by duggils »

More election musings:

Given the current heavy polarization, I except the 3rd/other party votes go down drastically from 2016. Who will they choose this time? It was a significant chunk of vote in battleground states.
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Re: 2020 Elections

Post by Yodean »

@yodean,
Mine is more of a macro play and my "Plan B" as I believe we have reached the peak of the compounding global debt cycle (90+ years). When debt bubbles burst- scarce, deflationary assets like gold and precious metals are used for store of value. BTC is in the same scarce, deflationary class but in digital form. I think the final halving cycle for BTC is in 2024 when it will have reached its max total supply of 21million and cannot be mined any further. This could all take another 3 to 5 years to pan out but it perfectly aligns with SOL's timeline of this mania phase to come to an end after a monster final run for stocks.

There is also this thing that the central banks are (80% of global central banks) heavily researching called CBDC (Central Bank Digital Currency)- which is fiat currency but much more easily controlled and TRACKED (every penny) by the central banks. However, I am not yet sure if this development is bullish or bearish for BTC...you could argue either way.

There are still a lot of uncertainties yet and therefore I am not very aggressive with BTC. But if it makes all time high and reaches the $100K mark (likely to happen in this halving cycle but it could also go back to 4 -5k range!) then I will have some serious portfolio rebalancing to do. Another interesting development these days is that BTC is starting to decouple from USD...usually Dollar down BTC up etc. but that's not been the case last few weeks when both USD and BTC have been up (BTC a lot more than $).

Also, IMO a Biden victory could pause BTC progress in its tracks but that's just my hunch and I have nothing to support that thesis.
[/quote]


@duggils: Thanks for the detailed and thoughful post. Yes, I follow Bitcoin relatively closely as well, and listen with a jaundiced ear to all the noises that come out of the Fed and other central banks, including their thinly-veiled, concerted and increasing promotion of CBDCs. It's all happening a tad faster than I expected. Sol's also written quite a bit about how eventually, the Fed will likely mount an attack on/takeover of the cryptocurrencies, but for the time being, will allow BTC to run freely to condition the masses to accepting digital currencies - I think this perspective has a lot of validity.
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Re: 2020 Elections

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Yodean wrote: Sun Nov 01, 2020 1:45 pm
@duggils: Thanks for the detailed and thoughful post. Yes, I follow Bitcoin relatively closely as well, and listen with a jaundiced ear to all the noises that come out of the Fed and other central banks, including their thinly-veiled, concerted and increasing promotion of CBDCs. It's all happening a tad faster than I expected. Sol's also written quite a bit about how eventually, the Fed will likely mount an attack on/takeover of the cryptocurrencies, but for the time being, will allow BTC to run freely to condition the masses to accepting digital currencies - I think this perspective has a lot of validity.
Totally agree that the CBDCs are happening too fast. Digital fiat currencies are central banks' wet dream for complete Citizen control and money supply control. They could easily stomp out any fund flow for BTC purchases and outright ban BTC. Or make Bitcoin standard CBDCs - ala Gold-standard dollar - which is my biggest wet dream :lol:
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Re: 2020 Elections

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More election stats...election predictions are fun, aren't they?

23,975,574 Americans who didn't vote in the 2016 election have already voted.

7,816,118 of these voters were voting for the first time in their life.


------

4% of Democrats who voted blue have now voted red.
13% of Republicans who voted red have now switched to blue.
Net difference of 9%. There are more registered Dems than Repubs so the net gain to Dems here is probably aound 7% and that is almost twice as large as the famous "Bannon" line (The Bannon line is net % of Repub defections that would bury Trump's reelection chances- which he determined to be 4%).


----

I wish I had these numbers for battleground states so I can have some conviction on which way the election is going and buy Biden/Trump stocks tomorrow.
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Re: 2020 Elections

Post by SOL »

Some visual election data

Image

Notice the huge surge in mail-in ballots, this could be an early signal that voices will start to crow there is voter fraud going on and we could end up getting a contested election. Let's hope I am dead wrong
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New Polls shows Trump taking Iowa

Post by George1010 »

Final Polls: Bad news for Biden and Greenfield in Iowa
The final gold-standard Selzer poll from Iowa shows Biden trailing Trump in the state by 7 points, and Democratic Senate challenger Theresa Greenfield 4 points behind incumbent Joni Ernst. Per the Des Moines Register:

Republican President Donald Trump has taken over the lead in Iowa as Democratic former Vice President Joe Biden has faded, a new Des Moines Register/Mediacom Iowa Poll shows just days before Election Day. The president now leads by 7 percentage points over Biden, 48% to 41%. Three percent say they will vote for someone else, 2% aren’t sure and 5% don’t want to say for whom they will vote. In September’s Iowa Poll, the candidates were tied at 47% to 47%. …


J. Ann Selzer, president of Selzer & Co., said while men are more likely to support Trump and women to support Biden, the gender gap has narrowed, and independents have returned to supporting the president, a group he won in 2016.


“The president is holding demographic groups that he won in Iowa four years ago, and that would give someone a certain level of comfort with their standing,” she said. “There’s a consistent story in 2020 to what happened in 2016.” But, she said, “Neither candidate hits 50%, so there’s still some play here.”

Trump won Iowa and its six electoral votes by 9.4 points in 2016, but other recent polls have shown a much tighter race this year. As a result of the final Selzer poll — showing highest lead the president has had in that poll since March, and with only 4 percent voters still persuadable — Trump is now slightly favored to win the state in FiveThirtyEight’s model, while the Senate race is still a toss-up.

As New York Times pollster Nate Cohn quickly noted on Twitter, Trump’s lead over Biden is the “same margin as [the final Selzer] poll four years ago, which wound up foreshadowing Trump’s Midwestern sweep.” Inside Elections analyst Ryan Matsumoto, however, noted that the poll also indicated some rosier national news Biden:

https://nymag.com/intelligencer/article ... sults.html

Why Iowa matters so much in the presidential election


IT IS SMALL and almost 1,000 miles from the White House. But for decades, Iowa has played an outsized role in America’s presidential primaries. Barack Obama said that winning Iowa during the 2008 primary season was the best night of his political career. The state—known for its cornfields and brutally cold winters—can serve either as a campaign’s launchpad or as its crash site.

Because the state is significantly older, whiter and more rural than average, some object to its influence. Yet Iowa matters because its primary—the election when Democrats and Republicans select their presidential candidates—comes first in the election cycle. Candidates who fare well in Iowa gain momentum that can propel their campaigns forward. (Every Democratic primary candidate who has won Iowa since 2000 has gone on to become the party’s nominee for president.) Candidates who fare poorly may find themselves starved of media attention, donations and volunteers.

https://www.economist.com/the-economist ... l-election
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Re: 2020 Elections

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duggils wrote: Sun Nov 01, 2020 12:53 pm @Yodean,
Here is ECB president from a couple of hours ago talking about accelerating the Euro move to digital currency
In 2014, when Lagarde headed the IMF she was advocating extending debt perpetually to handle the debt bubble and expropriating private sector pensions to help pay off national debts. That was just the tip of the iceberg and digital currency is a step to achieving this goal.

https://www.armstrongeconomics.com/unca ... edemption/
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Re: 2020 Elections

Post by Yodean »

"In 2014, when Lagarde headed the IMF she was advocating extending debt perpetually to handle the debt bubble and expropriating private sector pensions to help pay off national debts. That was just the tip of the iceberg and digital currency is a step to achieving this goal.

https://www.armstrongeconomics.com/unca ... edemption/
[/quote]


Yes, I assume this goes along with MMT (Modern Monetary Theory, or "More Money Today"), where those Eurobonds/debt become perpetual, and may never be redeemed, and the central bank just keeps printing to pay the low interest yields. Digital currency will make it easier to get away with this. Theoretically this may lead to a melt-up in assets like USD-denominated equities, BTC, precious metals, real estate, etc.
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Re: 2020 Elections

Post by duggils »

Something I read on FinTwit that resonates with me...

"It is not the government you have to worry about anymore..it is the Central Banks that are not only looking to control Monetary Policy but are looking to control Fiscal Policy with digital currencies"
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Re: 2020 Elections

Post by Yodean »

duggils wrote: Mon Nov 02, 2020 1:26 pm Something I read on FinTwit that resonates with me...

"It is not the government you have to worry about anymore..it is the Central Banks that are not only looking to control Monetary Policy but are looking to control Fiscal Policy with digital currencies"
What implications does this have from an investment perspective, from your vantage point, beyond what I wrote in my previous post on this thread?
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Re: 2020 Elections

Post by SOL »

When central banks have full control as they do right now, one can expect extreme volatility. Markets will move up and down it will be fast and furious in both directions (at times) but the primary trend will be up. Hence those that focus on the noise will miss out for they will mistake every sharp pullback for a crash.

Thus the best thing going forward is to attempt to master the art of laughing when fear starts to lift its head.

Hopefully, we can further finetune the GP Index (Gnosis Panoptes) as it could prove to be useful when used in conjunction with MP and some of our TA tools.

Lastly, understand that the central bankers have a mandate they never had before. Save the economy (stock market) at any cost and to hell with inflation, the middle class, the super-rich or anyone that stands in their way. Its no longer a battle, it's now a full-fledged war and for now no one is strong enough to take on the Fed
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